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What Will Happen if the “Dollar Collapses” On 13 September 2015

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What will happen if the “Dollar Collapses” In 13 September 2015

Disclaimer: This article is opinion based with likely scenarios derived from logic based situations.

Discussion includes doomsayer fears, logical outcomes, and a good example of how currency value is subjective.

It is well known that the U.S. Federal Reserve continues to print money to pay down debts owed to countries such as China. It is also known that the Fed printed billions to “bail out” banks and create “stimulus” plans to boost the economy.

There are a lot of doomsayers on the internet and in media that say this devalues the U.S. dollar both locally and globally. Technically their claim is correct: each dollar used to be backed by actual gold; that backing was removed in the 1970s and ever since then money could basically just be printed up.

But this is where the doomsayers logic ends. Their belief is that because money’s value is only as good as the economy’s belief in it, the value can disappear because there is no gold backing the paper money. Once confidence in the dollar is lost, many doomsayers say that the U.S. economy will completely collapse.

A few popular predictions are being made across the internet and in the media by doomsayers:

vanished and now gold is the only accepted currency. The concept cited is “hyperinflation.”

When the dollar collapses we will be thrown into a state of chaos and lawlessness. Money will be burned like in Germany a few decades ago due to lost value. People will steal and commit other crimes to stay alive and with no economy there will be no one working to maintain the infrastructure.

Gold and silver will become the standard once again. Which is oddly suspicious, because when you Google anything about the dollar collapsing, you get a lot of sites trying to sell you gold and gold trading schemes.

Since other countries are trying to move the World Reserve Currency away from the U.S. dollar due to decreasing value, the U.S. will be left high and dry by the other countries.

Countries will stop lending to us and the interest on the existing loans will default.

What is likely to happen if the U.S. dollar collapses (based on something known as “logic”). Here are a few possible situations:

1.) The U.S. dollar collapses and there is a brief time of chaos. However the U.S. chief export is consumption, we consume the highest amount of resources and goods in the world. Countries that once sold to us can no longer sell if there is no money, so the dollar could in theory be propped up by another currency. Imagine a dollar backed by the yen, the Euro, or once again by gold.

2.) There are over 300 million “consumers” in the U.S. Other economies would suffer if U.S. citizens suddenly lost all of their money and their spending power. The U.S. could adopt another currency or begin consuming using multiple currencies and abandon the dollar. Financially, it makes little sense to let a huge consumer base collapse and vanish so global companies and countries that export often to us will step in.

3.) Like a repo man coming to collect his due, the countries that the U.S. government owes large amount of debt to will come in to collect their payment. Of course what happens if someone can’t pay? Things get taken away. China, a country who the U.S. owes billions to could technically lay claim to the U.S. So we would become a part of another country altogether.

As an interesting side note, some local towns in America have started to print their own currency that is traded and accepted among merchants within the town. This shows an extremely important concept in the debate of what happens if the dollar fails.

The townspeople in these towns aren’t backing their local money with gold or other currency, rather they back it with their confidence. The local money has zero actual value; the only reason it is useful for purchases in the town is because businesses and people that accept it agree that is has some value; they can accept it for a sale and take it to another accepting business to trade for goods and services.

This experiment is a microcosm of the national economy and even the global economy, paper money’s primary value exists only because the economy continues to believe in its value.

Technically you could pick up an orange and claim that oranges are equivalent to what was once $100. If a lot of people also believed it, you’d be buying and selling in oranges instead of dollars.

In the end one key concept came to mind when trying to dispel the doomsday predictions: As long as you have some currency that the economy sees as having value you can continue to make and spend money. Does it matter if that currency is the U.S. dollar, a Euro, gold, or an orange?(source)

Jeff Berwick: Systematic Market Crash to Occur on September 

Could a market crash occur this year, on September 13th? We are delighted to bring on a new guest to the show, Mr. Jeff Berwick. Jeff founded Stockhouse.com, which grew to a $200 million plus market cap company, before the tech bubble burst in the early 2000’s.

Jeff now resides in Acapulco, Mexico, from where he writes his financial newsletters, holds conferences and lives his laid-back, free from worry type lifestyle.

Knowing that Jeff has a large following of international investors, it was great to hear his thoughts on portfolio choices and life in general, from his home in sunny Acapulco…

 

Takeaways from this interview with Jeff:

● How Jeff built and sold www.Stockhouse.com, and what he experienced traveling around the world…

● Jeff’s take on freedom, and how you can live a free and prosperous life today

● Why Jeff recommends holding hard assets (gold & silver, foreign real estate, etc.) outside of the financial system

● The market crash which Jeff thinks is coming on the specific date, September 13th 2015.

● One of Jeff’s investments that can reap 10,000% gains in the next few years…

Hope for the best, but prepare for the worst.

This is a good motto to live by, despite how you think about things.

Individuals can still hope for the best (that things can and will eventually work out), but what good is your prosperity going to do if you don’t have anything to eat or a safe place to hang out for an extended period of time?

Why not prepare while you still can — when things are readily available and can still be purchased at cheap prices? The coming hyper-inflation will make any such purchases beforehand look very intelligent…

To prepare for the worst, you need a plan. Why are most people so against doing basic preparations that could be the difference on how they survive — or whetherthey survive?

History shows time and again that those who prepare always fare better than those who did not.

Having a plan and being determined to act on that plan will always be the best way to handle any contingencies, should they occur.

After disaster strikes, your mind is going to be racing around like a car on a race track. Preplanning and having a written set of measures to take will make someone’s life go much smoother when the SHTF.

 

SOURCE : http://www.prepperfortress.com/what-will-happen-if-the-dollar-collapses-in-13-september-2015/

 

Other useful resources:

Survival MD (Best Post Collapse First Aid Survival Guide Ever)

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)

Survive The End Days (Biggest Cover Up Of Our President)

Drought USA(Discover The Amazing Device That Turns Air Into Water)

 

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    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 11 comments
    • Pink Slime

      Good video.

      I hope people understand they are getting overpaid for nothing and to take advantage of it while you can. If you know what I’m say’n?

      • Bonzo

        Thirty days of chastisement will fall on New York City such as the world has never seen. God is going to let down the walls. There will be unimaginable violence and looting. The violence will be so ferocious, it will shock the whole world. Our streets will be lined, not just with the National Guard, but with militia.

        Yet, in not too long a time afterwards, New York City will go completely bankrupt. Like Detroit.

        There will be riots and fires in cities worldwide. There will be looting — including Times Square, New York City. What we are experiencing now is not a recession, not even a depression. We are under God’s wrath.

        After the economic collapse of the United States the nation will be at its weakest point.
        The US dollar will be hit bad and it will take years for it to recover. A hydrogen holocaust will then sweep this nation in a Russian attack of America.

        America is going to be destroyed by fire! Sudden destruction is coming and few will escape. Unexpectedly, and in one hour, a hydrogen holocaust will engulf America and this nation will be no more. It is because America has sinned against the greatest Light, Jesus the Christ.

        http://wp.me/p3tGFm-76

        The watcher David Wilkerson

      • Oracle of Ardra

        Seems like this blog has it nailed on September 13th.

        http://cosmicconvergence.org/?p=10366

        D-Day Set For September 2015

        It goes on to say that:
        “70th Biblical Shemitah Jubilee Of 2015/2016 Intensifies All Outcomes Both Locally And Globally”

    • The Watcher

      NOTHING!

    • Dodgeball

      “As an interesting side note, some local towns in America have started to print their own currency that is traded and accepted among merchants within the town”.

      This is an interesting concept but a bit unrealistic right now. I mean, in order for stores to sell any merchandise or products, they would have to buy it themselves first (from a wholesaler someplace–from one who would most likely NOT use that created fiat money).

      If all they are doing is buying stuff from outside suppliers to sell to people in their own town (which is the essence of normal business transactions), I would think that eventually they would run out of actual cash (the real thing), and would then be forced to beg or barter for more later on. The suppliers (wholesalers), will most likely not be willing to accept created paper monies from a town (which would mean nothing to them and have NO value), in place of the real thing. How would the suppliers pay THEIR workers if they only received created paper monies from a local small town? How would the suppliers purchase the raw goods to MAKE their product to sell to the stores. If it cost me a thousand dollars to mine the iron out of the ground to sell to a manufacturer, I certainly wouldn’t want to receive monopoly money in exchange.

      The only way it might work correctly is if EVERYONE started to use that same created paper currency from the small town…and then everything would be on an equal plane. If you pass “go”, you can collect your $200 and spend it in town (or buy Baltic Ave.). :smile:

    • STRAW

      The only thing backing the dollar is the US military…get out of line and get whacked.

    • Anonymous

      What is this concept that a few people are going to be safe who’ve prepped, while the masses go off somewhere and quietly starve? You’ll take your gold or silver to Walmart and stock up? Better think again. If people know you have anything at all of value, in the first place, you’ll be the first targets taken out by gangs.

      Ezekiel 7:19 They will fling their silver into the streets and their gold will become an abhorrent thing; their silver and their gold will not be able to deliver them in the day of the wrath of the LORD. They cannot satisfy their appetite nor can they fill their stomachs, for their iniquity has become an occasion of stumbling.

      Any who have eyes to see and ears to hear, you have one, and only one, real solution, and you’d better start listening:

      Romans 10:9-11 …”The word is near you, in your mouth and in your heart” –that is, the word of faith which we are preaching, that if you confess with your mouth Jesus as Lord, and believe in your heart that God raised Him from the dead, you will be saved; for with the heart a person believes, resulting in righteousness, and with the mouth he confesses, resulting in salvation. For the Scripture says, “Whoever believes in Him will not be disappointed.”

    • Anonymous

      They are selling PAPER gold and silver on google for the mugs.
      ——————————–
      If/when you buy silver remember one thing you MUST take possession of it at the time of sale no ifs no buts. A piece of paper saying you own it (and 50 or more OTHER people who also think they own it) In a vault a few hundred miles away will only be of use as toilet paper in your bunker when it all hits the fan. How are you going to get it? The people that have it won’t deliver it, just run off with it! Were it to have existed in the first place. Go and collect it you do not want anybody to know where you are keeping it, as it will not be in the bank the last place you want to keep it! Be careful not to get ripped off if deal seems too good to be true it probably is. Remember the stage coach hold ups in the old Wild West that stage coach is your car then the people that sold you the silver can sell it again. Go with armed friends if anything does not look or feel right leave. Think Drug deal. If this worries you then you won’t survive for long after it all hits the fan.

      Good luck!

    • Xander

      I awakened the day Lehman Brothers=AMEX & UBS after over 200 years of client privacy the U.S.A Republic went after the high bracket citizens that did not belong to those five names that control world banks.(Boo-hoo) Therefore, anything about revolt, disorder, chaos-especially activity that seems to have no meaning but; it does for an actual revolution is coming and the collapse of the dollar is not a hypothesis its a reality. The Chinese have the actual land deed’s of U.S major cities. It seems to me the road toward freedom is for a collapse & start over again in the pale blue dot we call Earth. Not great for our kids or grandkids or humanity as we hopefully evolve in time to reach Alpha Centuri when the turd hits the fan or a true leader steps in 2016 (The last one was JFK & they took care of that) Obama/Clinton part of that group that decides all tax brackets globally Rothschild, Ford, Bush etc…I live in Rome for now now but this is happening globally as seen with my own eyes trough my travels. Lastly, Greek phylosophers were sentenced to death by the same system.

    • Jango

      Good article, but Sept 13 just happens to be a Sunday, so how can the stock market crash on a Sunday??? Here is what will crash the economy on Sept 13. This is Elul 29, the last day of the 7 year cycle known as the Shmetah year. The rapture/resurrection will happen on that day anytime after 12 noon EST which is 6 pm Israel time which is when
      Tishri 1 starts which is the Feast of Trumpets. This will remove about 25% of the worlds consumers who will also leave all their debts behind. Who is going to buy all those houses and cars? And the credit card debt will never be collected. This will crash the banks and start the worldwide economic collapse. After that there will be a 7 year tribulation period on earth which will be very very bad. Find out more and how you can protect yourself at ItsHisStory.com.

      • AusKiwi

        What I find interesting about this situation is that while it seems on the face of it, that because the markets are closed on September 13, the Shemitah crash can’t happen on the 13th, in actual fact Elul 29 does not end until midnight September 13th in Pago Pago, American Samoa, which is actually September 14 in places west of the International Date Line. So if an early market rout happens on September 14, most of the damage will have been done before the last day of the Shemitah year is technically over, especially if as I suspect, China crashes big time, triggering further crashes in the European and US markets. Once a big market crashes, it seems to be a foregone conclusion that the others will crash too. When the Shanghai stock exchange opens at 9.30am on September 14, it is still 2.30pm on September 13 in Pago Pago, leaving another 11.5 hours for the Shemitah ripple to continue westward across the exchanges as the day goes on. The only major stock exchange not open during the last day of the Shemitah year is New York (opens at 9.30am which is 2.30am in Pago Pago) , but as I said, if anything happens in the more eastern markets, the New York crash would already be a foregone conclusion by then.

        Then again, the day could be uneventful. We’ll find out in a day or so.

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